Indicate how the income effects of the following items would be disclosed on the income statement and whether they represent a wealth change and/or can be expected to persist in the future.
(a) Federal Express reported $17 million on operating gains from an insurance settlement for a DC-10 aircraft destroyed by fire.
(b) Over a three-year period Motorola reported net gains of $443 million on assets sales.
(c) Owens Corning reported a $68 million cumulative effect of an accounting change.
(d) Owens Corning reported an $875 million charge related to expected litigation claims due to asbestos injuries.